Mexican peso opens at 18.49 per dollar after six weekly losses
The reading is from 6:16 a.m. Mexico City time. Last week the currency touched 18.60, its weakest level since November 2025.
The Mexican peso started Monday's session, Oct. 19, 2026, at 18.49 per dollar, unchanged from the previous close, according to the Dow Jones quote published by Infobae. The figure is from 6:16 a.m. Mexico City time and may have moved since.
On Friday, Oct. 16, the currency closed at 18.48 after losing 0.51% on the day, according to a Reuters report carried by Milenio. For the week it fell 0.54% and reached 18.60, its weakest level since November 2025. It is the sixth straight weekly loss: the fifth ended Oct. 9 at 18.4111.
The FIX exchange rate, the reference that Banxico, Mexico's central bank, sets every banking business day, was 18.4930 on Oct. 16. Private quotes differ from that value by a few cents.
Felipe Mendoza, of EBC Financial Group, attributed the pressure on the peso to two factors, according to El CEO: the sovereign rating downgrade that HR Ratings announced on Oct. 15, from BBB+ to BBB, and the expectation that the U.S. Federal Reserve will raise its rate in October. That expectation reduces the appeal of the "carry trade," which means borrowing in low-rate currencies to buy higher-rate ones, such as the peso.
James Salazar, deputy director of economic analysis at Kapital Grupo Financiero, warned, according to the Reuters report, that the peso could approach 19 per dollar if volatility persists, although it would end 2026 between 18.20 and 18.30. That is a projection by that research house, not official data.
Banxico's next interest-rate decision, with the rate now at 6.50%, is set for Nov. 5, according to its calendar.
